Inventory Valuation

Enhanced Inventory Receiving is a great feature offered in QuickBooks Enterprise when implemented and used appropriately. One of the requirements for using this feature is regular, on-going reconciliation. more

Aug 3, 2016 1:05 AM General Ledger

Inventory costing typically uses one of three methods, "Average Cost", "First-In, First-Out" or "Last-In, First-Out". In this article we will look at these three concepts and focus on 'Average Cost', next time we will look at FIFO and LIFO. more

Jul 5, 2016 12:58 PM General Ledger

Believe it or not, the concepts of 'inventory valuation' really stretch back to the bookkeepers working for both shippers (including Her Majesty's Royal Mail Ships) and Lloyd's of London (the first insurer of merchandise). more

Jun 27, 2016 10:39 PM People and Business

This article examines the concepts of how Average Cost and FIFO methodologies are applied in inventory systems, and explores how valuation differences, and COGS variations can occur when converting between methods. more

Jan 21, 2016 10:17 PM General Ledger

Here is the quickest way to identify and resolve inventory irregularities caused by inactivating items with quantities on hand. more

Apr 8, 2015 10:02 PM General Ledger 1 Comments

Two CDR tools and the Add/Edit Multiple List Entries feature ease the complexity of troubleshooting Inventory irregularities. more

Feb 1, 2015 11:38 PM General Ledger

QuickBooks Point-of-sale Guru Will English give us his best practices for physical inventories. While the article addresses inventory procedures for QuickBooks Point-of-sale, many of the principles apply to 'counting inventory' in general. more

Jan 26, 2015 9:53 PM Payroll and Merchant Services

In this article Joe Woodard explains the impact of negative inventory upon QuickBooks' Average Cost. more

Oct 12, 2014 8:38 PM General Ledger

In this multi-part series Joe Woodard teaches how QuickBooks computes and uses Average Cost, as well as how to troubleshoot various Average Cost related problems. more

Sep 30, 2014 7:27 PM General Ledger

In this first article concerning Inventory Add-in products for QuickBooks we not only look at the three major players in this segment, but undertake a brief review of Rapid Inventory which we wrote about last summer. more

Jan 30, 2014 10:13 PM Vendor Corner

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